Sekur Private Data Ltd. (CSE:SKUR) (OTCQX:SWISF) Addressing With the rising advancements in IT and Big Data across the world, the need to protect that data has also increased globally. In fact, a recent Pew Report paints a vivid picture of just how important data privacy is becoming to the average internet user. According to the report, 79% of users in the Americas are concerned about their data privacy, 41% of U.S. users delete cookies frequently, and 30% of internet users have installed ad blockers.
According to Fortune Business Insights, the data privacy software market was worth $1.68 billion in 2021 and is on track to grow from $2.36 billion in 2022 to $25.85 billion by 2029, translating to a CAGR of 40.8%. Evidently, more enterprises and users are demanding better data privacy software solutions which is where data privacy and security company, Sekur Private Data Ltd.
comes in.
Sekur is addressing multiple needs in the cybersecurity market with its broad array of security solutions which include SekurMail and SekurMessenger privacy solutions.
SekurMail lets a user send an email to any other recipient, whether they have Sekur or not, in full privacy and security since the email never leaves Sekur‘s encrypted email servers. The recipient can then click on the notification and reply in the same manner without having to register for a Sekur account.
SekurMessenger comes with a proprietary feature and technology that allows a SekurMessenger user (“SM user”) invite via email or SMS, a non-SM user, or a group of non-SM users, to chat in a fully private and secure way, without the recipient ever having to register to SekurMessenger or download the app. After the chat, the initiator of the conversation can remotely terminate the conversation, and all traces of the conversation are deleted from all users, including the recipient.
All communications are routed through Sekur’s privately owned servers, which are only hosted in Switzerland, using the highest encryption industry standards, combined with its proprietary HeliX technology (a 2048-bit encryption) for added security.
Apart from securing communications, Sekur offers a differentiated subscription-based virtual private network (VPN) solution for protecting the online activities of both individuals and organizations. Currently, privacy is still a critical issue within the cybersecurity services market thanks to data mining and third-party leaks, which have become major issues among virtual private network (VPN) providers. SekurVPN is unique, in that it is the only commercially available VPN that isn’t powered by Big Tech firms such as Google and Amazon.
Another concern with most VPN providers is that they structure their service in a way that leaves critical loopholes that can be exploited for data - a problem that Sekur wants to solve with its SekurVPN. This VPN service is hosted entirely on Sekur’s own servers based in Switzerland, which has ironclad data privacy laws and isn’t subject to the US Patriot and Cybersecurity Act, or CLOUD Act . It’s also a pure VPN service, with no other third-party add-ons bundled into the plan.
The company expects significant top-line growth in 2023, partially driven by its new VPN solution. According to the company’s latest unaudited financial reports for Q1 of 2023, Sekur Private Data Ltd.
increased sales by 50% year-over-year (YoY). What’s more, the company has been focused on improving its customer metrics since January, and the efforts are already paying off.
https://www.benzinga.com/pressreleases/23/08/ab34108812/sekur-private-data-ltd-cse-skur-otcqx-swisf-addressing-data-privacy-amid-surging-threats